1098-T 0- Box 7 Checked

My current 1098-T has box 7 checked - and tuition was paid this this January 2012. From my understanding, I cannot claim this on this years taxes?

My previous 1098-T (2010), ALSO had box 7 checked- including Spring 2011 tuition- which was not paid until January 2011. I am just a loss with what I should be doing with these.

    With box 7 checked on your 2011 1098-T, that means that box 2 contains the tuition and fees for Summer 2011, Fall 2011, and Spring 2012.  You actually paid Spring 2011, Summer 2011, and Fall 2011 during 2011.   When TurboTax asks how much of box 2 did you actually pay, enter the amount for Summer 2011 and Fall 2011 (you didn't pay for Spring 2012 in 2011).   When TurboTax asks how much was paid in tuition and fees NOT on your 1098-T enter the amout for Spring 2011 (it was on your 2010 1098-T not your 2011 1098-T).
    • Thanks so much.

      Since my 2010 1098-T includes Summer 2010, Fall 2010 and Spring 2011 (which was paid in Jan.2011)- and the 1098 T includes the tuition paid for all three of those together, should I just put in the amount of tuition paid for Spring 2011 found on my tuition statements?
    Exactly - you have to determine what you paid for Spring 2011 by looking at your account documentation (tuition statements).
    • Thanks.  Helpful.  But seems like TT could've figured out how to make this easier...

      Also, what about grant money that is split between semesters?  If half of the tuition is claimed to be paid in 2011, then half the grant money should apply -- instead, TT uses all of it.  Does not make sense.
    • I agree with Julie826.  I have the same issue.  Specifically, TT should be asking for box 5, what amount of the scholarship was given to cover expenses in the following year.  So, my daughter has an 8,500 in Box 5 of the 2011 1098T.  In Box 2 I have to calculate the amount of qualified expenses were for 2011 vs. 2012.  The same should be asked of that scholarship!  Ugh.  This is important because I have those forms from 2010 and would have to do the same thing.  

      What should I be doing here to handle this mess?
    Box 5 shows what was received in scholarships and grants for payments made in 2011 and only 2011.  If the Spring 2012 semester was billed in 2011 (included in box 2) but paid in 2012, then the payment will not be listed in box 5 of the 2011 1098-T.  It will be listed in box 5 of the 2012 1098-T.  Box 5 on the 2011 1098-T will include payments for Spring 2011, Summer 2011 and Fall 2011.  It will not include payments for Spring 2012 unless the payment was made in 2011.
      Contribute an answer

      People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

      1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
      2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
      3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
      4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
      5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.